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Aesok Group
In this Group: Kundai, Selina, Etty, Olivia, Alice
Olivia, 44, is a married woman. She lives in Kwekwe with her husband and three children, ages 26, 21 and 15. Two of her children are still going to school. Olivia also looks after her late sister’s son, who is 25 years old.


She is into the business of poultry and peanut butter making. She operates from her home in Redcliff Kwekwe. Currently she employs no one, only being assisted by her family. On a monthly basis, she gets about $750. She has a loan which she used to buy 350 chicks and five bags of chicken feed and baking ingredients, as she is also into baking of birthday and wedding cakes. Olivia is also a youth trainer under the ministry of youth, where she gets other income.


The client faces the challenges of high mortality rates of chicks, electricity cuts and proper chick feed.


She sees herself with a bigger project with more than 1,000 chickens and more than five employees in the next five years. The project will certainly improve her standard of living since her disposable income will have increased.

Additional Information

About MicroKing Finance

MicroKing's loans are guaranteed against institutional default (failure of MicroKing to repay Kiva lenders if the borrower repays MicroKing) by MicroKing's parent company: Kingdom Financial Holdings Limited.

More About MicroKing
This loan is administered by MicroKing Finance, Kiva’s first partner in Zimbabwe.

MicroKing’s mandate is to provide financial services integrated with advisory services and targeted training to the under-banked but rapidly growing Zimbabwean micro-enterprise sector. The intent is to mobilize the underprivileged as active agents in fighting poverty as well as to accelerate the country’s journey back to economic prosperity where Zimbabwe was once known as the “bread basket of Africa.”

Zimbabwean micro-enterprises are generally run by women and comprise a multitude of business types. Constraints on local production and manufacturing capacity have led to cross-border trading being the most common type of business.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Zimbabwe

  • $2,000
    Average annual income
  • 40
    View loans »
    Zimbabwe Loans Fundraising
  • $3,546,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Aesok Group's $2,000 loan helped a member to buy chick feed, as well as baking ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 29, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012